SOUTH KOREA Law and Practice Contributed by: Yun Jae Baek, Jeonghye Sophie Ahn, Hyunah Park and Seyoung Choe, Yulchon LLC
Yulchon LLC is a full-service international law firm headquartered in Seoul, with a broad client base comprising major domestic and foreign companies. It employs more than 600 professionals (of whom more than 60 are licensed in jurisdictions outside South Korea) and has offices in Shanghai, Hanoi, Ho Chi Minh City, Moscow, Jakarta and Yangon. Yulchon is
a market leader in the development and practice of law, and has been voted “Most Innovative Law Firm in South Korea” three times by the Financial Times. The firm is frequently retained to negotiate complex transactions, help draft new legislation and regula - tions, and represent clients in high-stakes adversarial proceedings.
Authors
Yun Jae Baek is co-chair of the international dispute resolution practice at Yulchon and is considered one of South Korea’s most well- known and respected lawyers in the areas of international arbitration and
Hyunah Park is a partner in the international dispute resolution team
at Yulchon, where her practice is mainly focused on international arbitration and cross-border litigation. In addition to insurance law, she specialises in the enforcement of arbitral awards and foreign judgments before South Korean courts. Hyunah has dealt with numerous international commercial arbitration cases under major arbitral institutions, including the Korean Commercial Arbitration Board, ICC, LCIA, Singapore International Arbitration Centre, American Arbitration Association, International Centre for Dispute Resolution and VIAC. She has also been involved in an investor- state dispute arbitration case under the UNCITRAL rules, in addition to ad hoc arbitration. She has an LLM from University College London.
corporate/M&A practice, with more than 30 years’ experience. He has acted as presiding arbitrator, sole arbitrator, co-arbitrator and counsel in numerous international arbitrations under various institutions, including the ICC, ICSID, UNCITRAL, American Arbitration Association, Korean Commercial Arbitration Board, World Intellectual Property Organization, Singapore International Arbitration Centre, Hong Kong International Arbitration Centre and Shanghai International Arbitration Centre. Yun Jae completed his studies at Harvard Law School and is licensed to practise in both South Korea and New York.
Seyoung Choe is a foreign attorney in the international dispute resolution team at Yulchon who is licensed in Ontario, Canada. Her practice is mainly focused on international arbitration and cross-border litigation.
Jeonghye Sophie Ahn is co-chair of the international dispute resolution practice at Yulchon and practises primarily in international arbitration. Jeonghye has acted as counsel and an arbitrator under the Singapore
Seyoung received a JD from the University of Ottawa in 2016 and an LLB from the Université de Montréal in 2015. Seyoung has represented clients in arbitrations administered under the rules of various institutions, including the ICC, SIAC, HKIAC, and KCAB in disputes related to joint ventures, sales of goods, construction, and inbound/outbound investments.
International Arbitration Centre, ICC, Korean Commercial Arbitration Board and UNCITRAL rules in international arbitrations arising from a diverse range of commercial and corporate transactions, including joint venture, intellectual property, TMT and construction. Jeonghye has also been involved in a number of investor-dispute arbitrations and published articles.
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